Are Supply Concerns Pushing Rough Prices Up?

Economy
29/11/2021 09:01

According to the Economic Times India, rough prices have risen significantly in recent days - the article speaks of 5-10% -, as reports of a new variant of the COVID-19 virus cause concerns in Surat and Mumbai over supply of rough diamonds, fearing the omicron variety might impact production in Southern Africa. India's manufacturers are worried as polished prices have not gone up at the same pace as the rough, squeezing profit margins while demand is high. De Beers' representatives in India say it is too early to comment on potential impact on the mining activities.